Lowe's Q4 Beats, Loses Share To Rival Home Depot

Investors.com http://ift.tt/1BUP0Jf Lowe's (LOW) beat Wall Street targets for fourth-quarter earnings and revenue, but it lost market share to archrival Home Depot (HD). Lowe's reported net earnings of $450 million, or 46 cents per share, a 7% rise vs. the same quarter last year, on a 7.5% hike in revenue to $12.54 billion amid higher home renovations spending and the continuing housing recovery. It was the third quarter in a row that Lowe's had topped earnings forecasts. Analysts